Millenium Hotels accelerates asset purchasing negotiations

Millenium Hotels accelerates asset purchasing negotiations

These operations involved a terrain in Cordoba and the purchase of three hotels. According to newspaper El Confidencial, which reported the news, the REIT expects to close these operations by the next month of July.

It should be noted that last week Millenium not only announced its 150 million capital increase, but also the fact that it had already identified around 960 million euro in investment opportunities in Iberia focused on 4 and 5 star hotels.

These operations should be added to the 200 million euro the REIT already spent last year, which allowed it to reach a portfolio estimated at 444.5 million euro, including the 130 million euro Capex. Its larger goal is to increase its dimension so as to enter the Spanish continuous market between 2021 and 2022.

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